China CPI for January 1.5% y/y (expected 1.5%)

China January inflation data ... I posted a preview here which has a word of warning about potential LNY distortions: China inflation data is due today - preview

Data ...

China CPI for January 1.5% y/y ... in line

• For the y/y, expected 1.5%, prior was 1.8%
• Also, m/m CPI came in at 0.6%

China PPI for January 4.3% y/y in line

• expected 4.3%, prior was 4.9%
• for the m/m rise of 0.3%

Authorities in China have a 3% target for CPI this year